 The value of time in a repeated and one-off setupRenata Kosíková, Ondřej Krčál and Stefanie Peer Research in Transportation Economics, 2024, vol. 103, issue C Abstract: Some recent studies have highlighted the importance of considering the temporal context as a potential factor influencing time valuation estimates. However, in studies that compare shorter and longer-run choice settings, various elements tend to differ between the two settings, rendering it difficult to infer what drives short- and long-run estimates apart. This paper focuses on the comparison between time valuations associated with one-off vs. repeated events. We present the results of a lab experiment on the valuation of waiting time, which has been carefully designed such that the only element varying between the two treatments is whether the choice has a repetitive character or concerns a one-off event. We find no significant differences between the two treatments, and hence can conclude that the repetitive character of a choice situation is unlikely to drive differences between short- and long-run estimates, at least if the concerned travel or waiting times are relatively short (¡10 min). Keywords: Valuation of time; Waiting time; Time preferences; Long-run vs. short-run; Repeated vs. one-off (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:103:y:2024:i:c:s0739885924000039 Ordering information: This journal article can be ordered from DOI: 10.1016/j.retrec.2024.101408 Access Statistics for this article Research in Transportation Economics is currently edited by M. Dresner More articles in Research in Transportation Economics from Elsevier |
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